Nautical Clinches Semisub for Kraken
Nautical Petroleum has signed a rig contract with Awilco Drilling Limited to perform drilling activities on the Kraken discovery in UKCS Block 9/2b.
The WilHunter semisub will drill a horizontal appraisal well and perform a production test during the summer of 2011. The purpose of the well is to prove a commercial flow rate and gather further information on reservoir quality and distribution, within the core area of the field. If successful, the well will be suspended as a future development well.
Krakan spans Block 9/2b and 9/1a in the UK sector of the North Sea. Nautical Petroleum operates Block 9/1a with a 45% interest. Celtic Oil Limited holds a 30% interest; and Canamens Energy North Sea Limited holds the remaining 25%.SubseaIQ provides focused, in-depth coverage of offshore field development activities around the world, with daily updates on hundreds of offshore fields and facilities. Click here to sign up for the free weekly email newsletter.